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Technology Stocks : Corel Corp.

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To: Jan Johnstone who wrote (2719)10/4/1997 11:35:00 AM
From: Alomex   of 9798
 
<< Corel buying it's own stock ????? With what money??? >>

20 million in cash and a mandate from its AGM.

<< Corel stock is likely worth no more than $2-$3 Cdn. at the moment. >>

I agree, but Cowpland announced last weekend that the buyback would start on Monday and the volume seems to back him up (did anybody else noticed how COS(FF)volume in NASDAQ and TSE stayed level up and until supply in NASDAQ dried up at which point trading continued at the TSE?)
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